RWA Wealth Partners LLC Buys 4,499 Shares of General Mills, Inc. (NYSE:GIS)

RWA Wealth Partners LLC raised its position in General Mills, Inc. (NYSE:GIS - Free Report) by 15.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,478 shares of the company's stock after purchasing an additional 4,499 shares during the quarter. RWA Wealth Partners LLC's holdings in General Mills were worth $2,199,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Endeavor Private Wealth Inc. bought a new position in General Mills in the 4th quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC acquired a new position in General Mills in the 4th quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of General Mills during the fourth quarter valued at $31,000. VSM Wealth Advisory LLC bought a new position in shares of General Mills during the fourth quarter valued at $32,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of General Mills during the fourth quarter worth $34,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on GIS. Morgan Stanley assumed coverage on General Mills in a report on Monday, March 24th. They set an "underweight" rating and a $53.00 target price on the stock. Mizuho cut their price objective on General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Stifel Nicolaus reduced their target price on General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada restated a "sector perform" rating and set a $70.00 price target on shares of General Mills in a report on Monday, March 17th. Finally, Bank of America reduced their price objective on shares of General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $65.69.

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General Mills Stock Down 2.2 %

Shares of GIS stock traded down $1.33 on Friday, reaching $59.64. 7,577,878 shares of the company were exchanged, compared to its average volume of 4,348,413. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The company has a 50-day moving average of $59.97 and a 200-day moving average of $64.26. The company has a market cap of $32.87 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a one year low of $55.15 and a one year high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.04. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company's quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 earnings per share. Analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 4.02%. The ex-dividend date is Thursday, April 10th. General Mills's payout ratio is currently 52.75%.

Insider Buying and Selling at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the transaction, the chief executive officer now owns 353,346 shares in the company, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is currently owned by company insiders.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.